Sector: Commercial and Services
Main Investment Segment
KES -@9:31 AM EAT
End of day - Jul 02, 2020
- - -
0.80 - 3.96
Kenya Airways Limited operates in the aviation industry. The Company is engaged in providing international, regional and domestic carriage of passengers and cargo by air, the provision of ground handling services to other airlines and the handling of import and export cargo. The Company's segments include Passengers, Freight and mail Handling and Others. It operates domestic flights and flies to around 60 destinations in Africa, the Middle East, Asia and Europe. It has around 50 aircrafts, either owned or on operating leases. These consist of around seven Boeing 777 wide body jets, six Boeing 787, five Boeing 767 wide body jets, 14 Boeing 737 narrow body jets, 18 Embraer regional jets and two Boeing 737 freighters. The Company operates KQ Holidays, a leisure unit, which caters to the leisure traveler for family holidays, weddings and honeymoons, as well as the business traveler for all meetings and conference needs with additional incentive travel.
The Company is currently in a turn-around face focusing on cost management, operational efficiency and productivity of human resources. The company is seeking to increase the frequency of its flights to Liberia and Vietnam expanding to its portfolio of destinations. The turn around strategy also included a plane disposal initiative that the company expected to boost cost savings going forward. This disposal intiative is expected to rationalise excess capacity through sub-leases and outright sales.